Swarm Markets

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Swarm Markets's governance or utility token carries a market capitalisation of 5,8 Mio. $ based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (5,8 Mio. $) above the protocol's on-chain TVL (77.003,4 $) — a mcap/TVL multiple of 75.10× implies investors are paying for expected future fee flows rather than current deposits alone.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Dec 2, 2021
   Auf DeFiLlama gelistet

Swarm Markets is a DEX — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed across 2 chains, including Ethereum, Polygon. The codebase has been independently audited (1 report on file).

Swarm Markets operates on 2 networks (Ethereum, Polygon), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Ethereum, which holds 97% of all assets — other deployments are comparatively small. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (5,8 Mio. $) currently exceeds total value locked (77.003,4 $) — a mcap/TVL ratio of 75.10 suggests the market is pricing in more growth than current deposits support.

Verified external resources for Swarm Markets — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Swarm Markets is one of 7 DEX protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Curve DEX, Uniswap V3, PancakeSwap AMM, and 3 more. These peer protocols collectively secure 8 Mrd. $ in deposits, giving you a frame of reference for whether Swarm Markets's own TVL is at the top, middle, or tail of the category.

Curve DEX

TVL 1,9 Mrd. $ · 24h +0.39%

Uniswap V3

TVL 1,8 Mrd. $ · 24h -0.67%

PancakeSwap AMM

TVL 1,7 Mrd. $ · 24h +0.14%

Raydium AMM

TVL 1,1 Mrd. $ · 24h +0.66%

Uniswap V2

TVL 872,4 Mio. $ · 24h -0.17%

Uniswap V4

TVL 670,6 Mio. $ · 24h -0.47%